https://www.taxtmi.com/caselaws?id=59007 Relief under section 80V depended on a borrowing being connected with payment of tax arrears. On the facts, the link was not proved for the earlier instalments because no material showed that the LIC loan was obtained specifically for those payments, so relief was denied for that part. The record did support the claim for tax payments made after receipt of the loan, so relief was allowed to that limited extent and the disallowance was set aside accordingly. en-us Mon, 24 Nov 1980 00:00:00 +0530 Thu, 23 Dec 2010 15:34:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59007 Relief under section 80V depended on a borrowing being connected with payment of tax arrears. On the facts, the link was not proved for the earlier instalments because no material showed that the LIC loan was obtained specifically for those payments, so relief was denied for that part. The record did support the claim for tax payments made after receipt of the loan, so relief was allowed to that limited extent and the disallowance was set aside accordingly. Case-Laws Income Tax Mon, 24 Nov 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59007